Requirement 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. Use "Clos." and the corresponding number as shown in the journal entry as posting references"Clos.(1)", "Clos.(2)", etc. The adjusted balance of each account has been entered for you. Post any closing entries to the accounts and then calculate the post-closing balance ("Bal.") of each account (including those that were not closed). For any accounts with a zero balance after closing, enter a "0" on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close Income Summary account on the same line as you entered the balance prior to closing (the second line) and then show the post-closing balance ("Bal.") on the last (third) line of the account.

Date Accounts and Explanation Debit Credit June 30 Service Revenue 48,100 Clos. (1) Income Summary 48,100 To close revenues. June 30 Income Summary 57,600 Clos. (2) Insurance Expense 4,400 Salaries Expense 33,500 Supplies Expense 300 Interest Expense 8,500 Utilities Expense 2,700 Depreciation ExpenseBuilding 8,200 To close expenses. June 30 Retained Earnings 9,500 Clos. (3) Income Summary 9,500 To close Income Summary. June 30 Retained Earnings 27,300 Clos. (4) Dividends 27,300 To close Dividends.